The following table shows the activity within the liability account of the arrangement (in thousands):
Period from inception to September 30, 2026
Proceeds from royalty obligation
$
75,000
Issuance costs
(3,691)
Interest expense related to royalty obligation
27,881
Royalty obligation as of September 30, 2026
99,190
Effective interest rate
32.2%
No definition available.
Tabular disclosure of activity of royalty obligation